$BTC

Market performance can be viewed from the following aspects:

1. The rise of the old ecosystem led by DOGE: The market is undoubtedly driven by the old meme coin represented by DOGE, with the popularity of traditional meme coins like SHIB, BONK, PEPE, etc., continuously heating up alongside DOGE's rise. The market response is strong, and trading volume has surpassed many mid-ecosystem projects.

2. Emerging ecosystems making their mark: In addition to traditional meme coins, the performance of some secondary and new ecosystem coins is also noteworthy, showing astonishing growth, with trading volume continuously increasing, even exceeding some mid-ecosystem coins, demonstrating strong market interest in emerging coins.

3. Competition between AI and meme ecosystems: Although AI-related tokens and ecosystems have shown some performance, given that projects like Luce have also achieved considerable success, the potential of these meme coins cannot be ignored. Market hotspots still revolve around SOL and meme coins, while AI-related coins may also be influenced by external factors such as NVIDIA's earnings report behind their recent surge.

4. Embracing and responding to market trends: The current development trend of the market indicates that meme coins remain mainstream, while AI concepts, despite their performance, have not triggered larger increases like meme-type coins. In this context, if investors want to keep up with market trends, they should actively embrace the meme coin trend rather than overly fixate on market capitalization. As of the current market situation, the total market capitalization of meme coins has reached 123 billion, which, although appearing lower than DOGE's market cap, is not considered expensive.